716 Woodward AVE Ridgewood, NY 11385
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 852985
Rental Info No
Year Built 1930
Annual Tax Amount $13,327
Lot Size 2,744 Sqft
Acres 0.063
Property Sub-Type Multi Family
Source onekey2
Property Description
Cap Rate: ~6.5%. Property Overview: Zoning: R6B. Lot Size: 25 x 110 ft. Building Size: 25 x 70 ft per floor (1,750 SF per floor). Utilities: 5 gas meters & 6 electric meters (separately metered for easier management). Rental Income (5 Units + 3 Garages): 1A: $1,900. 1B: $1,750. 1C: $1,700. 2L: $3,300. 2R: $2,600. Bed and Bath: 11 Bedrooms and 7 Bathrooms. Total Residential Rent: $11,250/month. Owner Pays: Water and heat. Garage Rental Income: $230 + $250 + $200 = $680/month. Total Gross Rent: $11,930/month. ~$143,160/year. Annual Property Tax: $13,300. Net Income: ~$125,000/year. Cap Rate: Approximately 6.5%. Great investment opportunity in Ridgewood! We can deliver vacant whole house.
Location
State NY
County Queens
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Ps 88 Seneca
Middle Schools Joseph F Quinn Intermediate School 77
High Schools Grover Cleveland High School
Others
Special Listing Condition None
Salmon Real Estate has been selling residential homes and commercial property on Staten Island since 1956, making us the oldest independent real estate firm on Staten Island.
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